A typical indifference curve is upward sloping
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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If Pepsi goes on sale and decreases its price by 10 percent, and as a result, the quantity demanded of Coca Cola decreases by 5 percent, then Pepsi and Coke are ________ goods
A) inferior B) normal C) substitute D) complementary E) unrelated
Economics
An increase in the demand for a product will shift the demand for labor used to produce the product:
a. downward. b. leftward. c. rightward. d. none of these, the curve will not shift.
Economics